Itaúsa S.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Itaúsa S.A. stock price ended at R$9.80 on Thursday, after losing 0.102%.
(Updated on Jun 20, 2024)
The Itaúsa S.A. stock price fell by -0.102% on the last day (Thursday, 20th Jun 2024) from R$9.81 to R$9.80. During the last trading day the stock fluctuated 1.23% from a day low at R$9.76 to a day high of R$9.88. The price has fallen in 5 of the last 10 days and is down by -1.41% for this period. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 17 million shares were bought and sold for approximately R$168.89 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.58% during the next 3 months and, with a 90% probability hold a price between R$8.94 and R$9.81 at the end of this 3-month period.
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ITSA4.SA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 2.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Itaúsa S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at R$9.91. On a fall, the stock will find some support from the short-term average at R$9.68. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Itaúsa S.A. stock
Itaúsa S.A. finds support from accumulated volume at R$9.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved R$0.120 between high and low, or 1.23%. For the last week the stock has had daily average volatility of 1.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ITSA4.SA) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Itaúsa S.A. to open at R$9.81, and during the day (based on 14 day Average True Range), to move between R$9.65 and R$9.95, which gives a possible trading interval of +/-R$0.153 (+/-1.56%) up or down from last closing price. If Itaúsa S.A. takes out the full calculated possible swing range there will be an estimated 3.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at R$9.73 (0.71%) than the resistance at R$10.01 (2.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Itaúsa S.A. stock A Buy?
Itaúsa S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.459 Sell Candidate Unchanged
Predicted Opening Price for Itaúsa S.A. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| R$9.81 ( 0.136%) | R$9.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ITSA4.SA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.93 | 1.36% |
| R2 | 9.89 | 0.89% |
| R1 | 9.86 | 0.604% |
| Price | 9.80 | |
| S1 | 9.77 | -0.332% |
| S2 | 9.74 | -0.621% |
| S3 | 9.69 | -1.09% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.21 | 4.18% |
| R2 | 10.12 | 3.27% |
| R1 | 10.01 | 2.14% |
| Price | 9.80 | |
| S1 | 9.73 | -0.714% |
| S2 | 9.71 | -0.92% |
| S3 | 9.57 | -2.35% |
ITSA4 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 03, 2025 | Mar 03, 2025 | Apr 01, 2025 | R$0.0200 | 0.204% |
| 2 | Dec 02, 2024 | Dec 02, 2024 | Jan 02, 2025 | R$0.0200 | 0.204% |
| 3 | Sep 02, 2024 | Sep 02, 2024 | Oct 01, 2024 | R$0.0200 | 0.204% |
| 4 | Jun 03, 2024 | Jun 03, 2024 | Jul 01, 2024 | R$0.0200 | 0.204% |
| 5 | Mar 22, 2024 | Mar 22, 2024 | Mar 22, 2024 | R$0.0700 | 0.678% |
FAQ
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